A static VAR compensator is a set of electrical devices for providing fast-acting reactive power on high-voltage electricity transmission networks. SVCs are part of the Flexible AC transmission system device family, regulating voltage, power factor, harmonics and stabilizing the system. A static VAR compensator has no significant moving parts (other than internal switchgear).
SVG is also called STATCOM is a shunt device, which uses force-commutated power electronics (i.e. GTO, IGBT) to control power flow and improve transient stability on electrical power networks. It is also a member of the so-called Flexible AC Transmission System (FACTS) devices. The STATCOM basically performs the same function as the static var compensators but with some advantages.
China is the largest production of Static Var Compensator and Static Var Generator, with a revenue market share nearly 34.81% in 2017.
The second place is Europe; following China with the revenue market share over 18.33% in 2017. The Static Var Compensator and Static Var Generator price of Chinese producers is generally low.
United States is another important production market of Static Var Compensator and Static Var Generator.
The Static Var Compensator and Static Var Generator market was valued at 1180 Million US$ in 2018 and is projected to reach 1700 Million US$ by 2025, at a CAGR of 4.7% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Static Var Compensator and Static Var Generator.
This report presents the worldwide Static Var Compensator and Static Var Generator market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Rongxin Power Electronic
Hangzhou Yinhu Electric
Xian XD Power
Baoding Sifang Sanyi Electric
Xuji Group Corporation
Beijing In-power Electric Co., Ltd
Surpass Sun Electric
Static Var Compensator and Static Var Generator Breakdown Data by Type
Static Var Compensator
Static Var Generator
Static Var Compensator and Static Var Generator Breakdown Data by Application
Industrial & Manufacturing
Static Var Compensator and Static Var Generator Production by Region
Static Var Compensator and Static Var Generator Consumption by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Static Var Compensator and Static Var Generator status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Static Var Compensator and Static Var Generator manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Static Var Compensator and Static Var Generator :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (M Var). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Static Var Compensator and Static Var Generator market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.